A employee stitches apparels at a garment manufacturing unit in Vietnam’s Thai Nguyen Province on July 2, 2025.
Nhac Nguyen | Afp | Getty Photographs
President Donald Trump mentioned Wednesday that the US has struck a commerce cope with Vietnam that features a 20% tariff on the southeast Asian nation’s imports to the U.S.
Trump’s announcement on Reality Social mentioned that the deal will give the U.S. tariff-free entry to Vietnam’s markets.
The settlement was unveiled lower than per week earlier than a 90-day pause on lots of Trump’s so-called reciprocal tariffs was set to run out, sending U.S. duties on imports from dozens of nations hovering.
Underneath that protectionist commerce scheme, Vietnamese imports to the U.S. have been topic to a 46% blanket tariff.
Learn Trump’s full announcement:
It’s my Nice Honor to announce that I’ve simply made a Commerce Cope with the Socialist Republic of Vietnam after talking with To Lam, the Extremely Revered Normal Secretary of the Communist Occasion of Vietnam. Will probably be a Nice Deal of Cooperation between our two Nations. The Phrases are that Vietnam pays the US a 20% Tariff on any and all items despatched into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will do one thing that they’ve by no means carried out earlier than, give the US of America TOTAL ACCESS to their Markets for Commerce. In different phrases, they may “OPEN THEIR MARKET TO THE UNITED STATES,” that means that, we can promote our product into Vietnam at ZERO Tariff. It’s my opinion that the SUV or, as it’s generally referred to, Massive Engine Automobile, which does so properly in the US, will probably be a beautiful addition to the assorted product traces inside Vietnam. Coping with Normal Secretary To Lam, which I did personally, was an absolute pleasure. Thanks to your consideration to this matter!
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